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The overriding message is that market sentiment has diminished due to low oil prices and political uncertainty.

However, there remains a large amount of money being spent on major capital and infrastructure projects, both in the planning phase and currently being executed, and this should be taken as a positive.

With better control over costs and more efficient delivery of projects, both political and economic uncertainty can be more easily dealt with.

Authors

Partner | Restructuring Services

David joined Deloitte in 1993, and in 2011 transferred from the UK to Dubai to lead Deloitte’s Restructuring Services practice in the Middle East. Specializing in the review of business and financing ... More

Partner | Audit & Assurance | Construction Leader

Cynthia Corby is an Audit & Assurance Partner in the Dubai office and DME Construction Industry Leader. She is a South African Chartered Accountant and a Fellow of the Association of Certified Charter... More

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